Business Risk Analyst

TAO Digital Solutions; New York (NY); On-site; USD 100,000 - 130,000; Full time

Job summary

A financial technology firm is seeking an experienced Business/QA Analyst to join their team in New York. The ideal candidate will possess extensive experience in Investment Banking with a focus on Market and Credit Risk. Responsibilities include gathering requirements, designing solutions, and performing quality assurance for trading platforms. This is a contract position at the mid-senior level, requiring strong analytical and communication skills.

Qualifications

• 6–10+ years of experience as a Business Analyst, QA Analyst, or hybrid BA/QA in Investment Banking or Capital Markets.
• Strong understanding of Market Risk concepts and Credit Risk.
• Experience with risk platforms and strong SQL skills required.

Responsibilities

• Gather, analyze, and document business requirements from stakeholders.
• Develop test strategies, plans, and cases for risk and trading applications.
• Collaborate with teams on model changes and risk metrics.

Skills

Business Analysis

Quality Assurance

Market Risk concepts (VaR, Greeks, PnL)

Credit Risk knowledge

SQL skills for data analysis

Agile methodologies

Communication skills

Tools

Jira

Confluence

Risk platforms (e.g., Murex, Calypso)

Job description

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We are looking for an experienced Business/QA Analyst with strong exposure to Investment Banking, Market Risk, and Credit Risk domains. The ideal candidate will work closely with business stakeholders, risk teams, and technology teams to gather requirements, design solutions, and perform end-to-end quality assurance for risk and trading platforms.

Key Responsibilities

Business Analysis

• Work with Market Risk, Credit Risk, and Front Office teams to gather, analyze, and document business requirements.
• Translate complex risk and regulatory requirements into functional and technical specifications.
• Support the design and enhancement of risk management systems, pricing tools, and trading platforms.
• Perform impact analysis for regulatory changes (Basel III/IV, FRTB, IFRS9, SA-CCR, etc.).
• Support data mapping, data lineage, and validation across risk and trading systems.
• Collaborate with quants, risk managers, and technology teams on model changes, risk metrics, and calculation engines.

Quality Assurance

• Develop test strategies, test plans, and detailed test cases for risk and trading applications.
• Perform functional, integration, regression, and UAT testing.
• Conduct data quality checks on trade data, market data, and reference data.
• Document defects, track resolution, and ensure high-quality delivery.

Required Skills & Experience

• 6–10+ years of experience as a Business Analyst, QA Analyst, or hybrid BA/QA in Investment Banking or Capital Markets.
• Strong understanding of Market Risk concepts (VaR, Greeks, PnL, Stress Scenarios, Sensitivities).
• Knowledge of Credit Risk (Counterparty Credit Risk, Exposure calculations, RWA, SA-CCR).
• Experience with risk platforms (e.g., Murex, Calypso, Summit, Axiom, or in-house systems).
• Strong SQL skills for data analysis and validation.
• Experience working with agile methodologies and Jira/Confluence.
• Ability to work with large datasets and perform detailed analysis.
• Strong documentation, communication, and stakeholder-management skills.

Seniority level

Mid-Senior level

Employment type

Contract

Job function

Information Technology

Industries

Investment Banking